Marine Hybrid Propulsion
System Market – Overview
The development of the
maritime sector is accredited to the progress in technologies such as marine
hybrid propulsion system. Market reports related to the energy and power
industry have been presented by Market Research Future which makes reports on
other industry verticals that aims to analyze the current market scenarios
better. The Marine
Hybrid Propulsion System Market is anticipated to advance at a 6.5%
CAGR in the period of the forecast.
The escalation in the
commercial application of marine hybrid propulsion system is expected to
increase the market share significantly over the forecast period. The
increasingly stringent regulation son emission levels at sea are further
expected to motivate the demand for marine hybrid propulsion system market. The
advanced efficiency of modern marine propulsion systems is expected to bolster
the demand for the market over the forecast period.
Segmental Analysis
The segmental analysis
of the marine hybrid propulsion system market has been segmented on the basis
of deadweight, type, ship type, application, and region.
On the basis of type,
the marine hybrid propulsion system market has been segmented into
gas-electric, diesel-electric and others.
On the basis of
deadweight, the marine hybrid propulsion system market has been segmented into
5K-10K DWT, Less Than 5K DWT and More Than 10K DWT.
The ship type based
segmentation of the marine hybrid propulsion system market comprises of
platform supply vessel (PSV), Anchor Handling Tug Supply (AHTS) vessel, naval
ships, motor ferry, cruise liner, yachts, small cargo ships, and submarines.
On the basis of
application, the marine hybrid propulsion system market is segmented into
offshore drilling, commercial, logistics, naval and others.
Regional Analysis
The regional analysis of
the marine hybrid propulsion system comprises of regions such as North America,
Europe, Asia Pacific and rest of the world.
The expansion of the
market is attributed to the substantial growth in the application of hybrid marine
propulsion system to the recently built ships coupled with the upsurge in
marine activity globally. The market progress of marine hybrid propulsion
system is principally accredited to the strict regulations for emissions at sea
level, and also has improved the marine hybrid propulsion system market in
several countries, which is expected to endure during the forecast years. The
European region has accounted for the chief share of the marine hybrid
propulsion system market in 2016, where Norway, U.K., Poland, and other
well-known shipbuilding nations added, to the market development. Moreover, the
Asia Pacific region is expected to appear as one of the important markets for
this technology owing to the present deployment of the advanced marine hybrid propulsion
system in the recently built ships.
Competitive Analysis
The significant
competitors in the marine hybrid propulsion system market are Siemens AG
(Germany), Caterpillar Inc. (U.S.), Mitsubishi Heavy Industries, Ltd. (Japan),
Torqeedo GmbH (Germany), Steyr Motors GmbH (Austria), General Electric Company
(U.S.), Wartsila Corporation (Finland), ABB Ltd. (Switzerland), MAN Diesel
& Turbo SE (Germany), BAE Systems (U.K), Schottel GmbH (Germany) and
Rolls-Royce plc (U.K.).
Related Reports:
No comments:
Post a Comment